JPMorgan Chase Cuts Ties with Crypto Prediction Market Platform Over Regulatory Fears

JPMorgan Chase has ended its banking relationship with Polymarket, a crypto prediction market platform, citing regulatory concerns.

The decision comes as regulators and lawmakers scrutinize so-called debanking practices affecting crypto and prediction market firms.

This move highlights JPMorgan Chase's cautious approach to digital asset platforms, even as the bank invests in blockchain infrastructure elsewhere in its business.